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georgegop		#511 Posted : Sunday, July 15, 2012 8:57:19 PM
Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo		CIC reveals Sh1 billion property investments http://www.businessdaily.../-/135t2l8z/-/index.html Don't Work for Money, Let Money Work for You..
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Hunderwear		#512 Posted : Sunday, July 15, 2012 9:49:14 PM
Rank: Member Joined: 4/14/2011 Posts: 639		Anyone with the Information memorandum?
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PKoli		#513 Posted : Sunday, July 15, 2012 10:20:39 PM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		Hunderwear wrote: Anyone with the Information memorandum? Non, not even at CIC website.
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mwekez@ji		#514 Posted : Monday, July 16, 2012 9:51:10 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		georgegop wrote: CIC reveals Sh1 billion property investments http://www.businessdailyafrica..../-/135t2l8z/-/index.html Quote: To diversify its revenue sources further, CIC Insurance is planning to work with Saccos in the transport sector to venture into the public service vehicle (PSV) industry. Venturing property investment is a good idea, but PSV ….
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kryptonite		#515 Posted : Monday, July 16, 2012 10:05:14 AM
Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi		mwekez@ji wrote: georgegop wrote: CIC reveals Sh1 billion property investments http://www.businessdailyafrica..../-/135t2l8z/-/index.html Quote: To diversify its revenue sources further, CIC Insurance is planning to work with Saccos in the transport sector to venture into the public service vehicle (PSV) industry. Venturing property investment is a good idea, but PSV …. Yeah, I cringed when I read that too The harder you work, the luckier you get
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mwekez@ji		#516 Posted : Tuesday, July 17, 2012 12:19:16 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Finally, the long awaited IM is here, albeit at the last minute http://cic.co.ke/downloads/CIC_...tion_Memorandum_2012.pdf
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e_kijana		#517 Posted : Tuesday, July 17, 2012 2:55:37 PM
Rank: Member Joined: 1/17/2009 Posts: 55		Read the IM... on the PSV issue it is clear from IM that they dont want to provide insurance for PSVs per se (like the rest of the PSV insurers), but want to invest in Public Service Vehicles in partnership with a society... basically be a Major shareholder in a new bus public transport company. If they end up insuring their own PSVs, then risk is very much minimised.
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jerry		#518 Posted : Tuesday, July 17, 2012 4:08:40 PM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		e_kijana wrote: Read the IM... on the PSV issue it is clear from IM that they dont want to provide insurance for PSVs per se (like the rest of the PSV insurers), but want to invest in Public Service Vehicles in partnership with a society... basically be a Major shareholder in a new bus public transport company. If they end up insuring their own PSVs, then risk is very much minimised. INVESCO is already in partnership with and partly owned by Matatu operators/SACCOs. The opposite of courage is not cowardice, it's conformity.
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guru267		#519 Posted : Tuesday, July 17, 2012 9:44:59 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		jerry wrote: e_kijana wrote: Read the IM... on the PSV issue it is clear from IM that they dont want to provide insurance for PSVs per se (like the rest of the PSV insurers), but want to invest in Public Service Vehicles in partnership with a society... basically be a Major shareholder in a new bus public transport company. If they end up insuring their own PSVs, then risk is very much minimised. INVESCO is already in partnership with and partly owned by Matatu operators/SACCOs. Kwani all PSVs are matatus?? Mark 12:29 Deuteronomy 4:16
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PKoli		#520 Posted : Tuesday, July 17, 2012 11:26:42 PM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		mwekez@ji wrote: Finally, the long awaited IM is here, albeit at the last minute http://cic.co.ke/downloads/CIC_...tion_Memorandum_2012.pdf Many thanks for the IM. Let us wait for tomorrow. Any bidders?
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